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BUA Foods Welcomes MV Bundu, Acquires First Of Two Shipping Vessels For Sugar Export Operation
…“We see an increased and continued demand for refined sugar across the region – Abdul Samad Rabiu
Olushola Okunlade Writes
BUA Foods Plc, one of Africa’s leading FMCG companies has taken delivery of the first of two shipping vessels to augment its sugar export operations to the West African market, which kicked off successfully earlier this year.
BUA Food’s export of refined sugar will benefit the economy, providing an alternative source of income, while significantly diversifying the company’s markets.
The vessels will depart and berth at BUA’s port and terminal increasing export capacity while reducing operating costs. The Mitsubishi of Japan-built vessel is named MV Bundu – after the area in which the refinery is located. The vessel’s cargo capacity is suited to enhance the quick and sustainable delivery of more refined sugar in the face of growing export demand from across the African region.
The refined sugar of high-grade quality is processed from BUA Foods’ ultra-modern sugar refinery located in Port Harcourt. This state-of-the-art refinery with a capacity of 750,000 metric tons, is also equipped to process all grades of sugar.
“As we drive our business for growth with a focus on sustainable returns, and benefit to all our stakeholders and the Nigerian economy, owning a shipping vessel is an important step in BUA Foods strategy,” said the Chairman of BUA Foods Plc, Abdul Samad Rabiu. “We see an increased and continued demand for refined sugar across the region with an attendant increase for logistics support to aid timely delivery, which is why it is important for us to strengthen our current capability with an own-controlled asset as we advance further in our business strategy. These new vessels will create operational efficiencies in our business and open possibilities for new services.”
With these acquisitions, BUA Foods is well-positioned to take advantage of the AfCFTA, considering its investments in the food sector over the years.
“Owning a vessel to export sugar is a crucial enabler of flexibility and agility in our total supply chain as it allows our customers to tackle time-critical fulfillment challenges due to timely availability of their goods,” said MD BUA Foods Engr. Ayodele Abioye. “As we expand our customer base into the region, we strongly believe in working closely with them towards meeting and surpassing their needs in time and in full”.
To further strengthen its export drive, a second shipping vessel is expected to arrive by the end of the second quarter of 2022 to promote cross-border trade to businesses across the West African region and other African countries.
Know More About BUA Foods Plc: BUA Foods is a leading food business with well-diversified and scalable operations producing sugar, flour, pasta, rice, and edible oils. The company owns strategically located plants across Nigeria, in addition to a cordial alliance with local stakeholders in host communities. Additionally, BUA Foods is a resilient business built on a strong brand proposition and is an operator that has a well-known reputation for delivering high-quality products.
BUA Foods continues to invest in modern technology for efficient food production, innovatively expanding with strategic partners across the value chain. The Company is also well positioned to leverage significant export potentials across West Africa and the larger African continent.
Headquartered and listed in Nigeria, BUA Foods is one of the most capitalized companies on the NGX and a leading consumer goods firm by market value.
For more information visit https://www.buafoodsplc.com/overview/
Rashidat Okunlade Writes
Leading telecommunications service provider, Airtel Nigeria, has announced the appointment of two directors to join its executive leadership team.
The company named Kemi Ariyo as the new Director of Information and Technology and Harmanpreet Singh Dhillon as Director of Network Transformation and Planning.
According to Airtel, both appointments are set to bring about a new era of innovation and growth within the business.
Speaking on the recent appointments, Chief Executive Officer, Airtel Nigeria, Carl Cruz, said the notably experienced Kemi Ariyo will play a pivotal role in driving Airtel Nigeria’s digital transformation efforts and the company is pleased to elevate an excellent female leader within its ranks to the position.
On his part, Cruz stated that Mr. Harmanpreet will spearhead the telecom giant’s network transformation initiatives, geared towards strengthening its infrastructure and ensuring steady services for subscribers.
“We are thrilled to welcome Kemi and Harmanpreet on board. Their in-depth expertise and experience will be invaluable in driving our technological transformation and delivering exceptional experiences to our over 60 million users. We are confident that, with their experience and expertise, Airtel will continue to innovate and stay ahead while developing cutting-edge solutions to meet the evolving needs of our customers,” Cruz said.
Kemi Ariyo
Harmanpreet Singh Dhillon, the company revealed, brings an impressive background experience of over 23 years in the telecommunications industry and a passion for driving technological advancements.
Previously, he had served in various capacities across different organizations, including Vodafone, Nokia, Huawei, and was Chief Technology Officer at One Airtel in Karnataka, India, where he was responsible for leading the technology strategy, forecasting, expansion, operations, cost optimization, and capex planning for the networks team.
Kemi Ariyo also brings years of cross-industry and cross-continental career experience across the IT value chain with a track record of providing technical solutions geared towards service efficiency, customer experience, and business profitability.
Her contribution to Airtel started from her days as a Business Operations Analyst, under the management service at IBM, where she moved into several leadership roles until she fully joined Airtel in 2017.
Recall that Airtel recently completed the first batch of staff promotions for its financial year 2023/24. This promotion cycle saw the elevation of no fewer than 20 employees into senior leadership roles, out of whom three were women, and one out of these women was elevated to a vice president position.
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